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NFO Review - HDFC Defence Fund
Mutual funds & ETFs

NFO Review: HDFC Defence Fund

If thereโ€™s one NFO thatโ€™s trying to be a hop out of the regular, it is the HDFC Defence Fund. And with good reason โ€“ the defence space has been garnering increasing attention in stock markets with defence plays rallying. This open-ended thematic fund opens for subscription today.

HDFC Defence will be the only fund on the defence theme, making it differentiated from other sector offerings. Thereโ€™s also no denying the scope in the defence sector, especially after key changes in defence capex spending which focuses on indigenous procurement. So, can this NFO make a good portfolio addition?

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FMCG sector: At the crossroads
Markets

FMCG sector: At the crossroads

Around this time last year, we had analysed the FMCG sectorโ€™s March 2022 quarter earnings. At the time, the sector was grappling with twin headwinds of a demand slump and rising input costs. Valuations were still expensive. Most FMCG players have declared their results for the March 2023 quarter.

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Technical Outlook - fresh targets for the Nifty 50
Premium

Technical outlook: Fresh targets for the Nifty 50

A lot has happened since our previous market update, when we discussed if the worst was over for the Nifty 50. In that update, we had mentioned that the level of 17,850 on the upside and 16,900 on the lower end are the key markers to focus on. It was also highlighted that a breakout past 17,850 could pave the way for a rally to the 18,350-18,400 zone.
The Nifty 50 index has managed the latter, breaking above 17,850 and reaching the target zone of 18,350-18,400. The question now is what is in store for the Nifty 50 index. We will look at the short-term perspective here, to address this question.

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Prime stock recommendation - an R&D focused company in the API space
Stocks

Prime Stock Recommendation: An R&D focused company in the API space

It has been a rough ride for the Indian API industry in the past 2 years. A combination of factors including price erosion in US generics, destocking, demand fluctuation, elevated raw material costs and freight costs have hit the margins of many API plays including market favourites such as Diviโ€™s, Laurus and Aarti Drugs. Their growth has also remained at low single digits in this period.
Still, if a company has managed to remain resilient in this period and yet corrected to valuations that make it attractive, it deserves to be noticed.

Premium article available only to subscribers.

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4 metrics to choose the best index funds and ETFs
Mutual funds & ETFs

4 Metrics to choose the best index funds and ETFs

โ€œWhich equity fund should I buy?โ€ When asked an open-end question like this, most financial experts recommend an index fund. Choosing an index fund is supposed to be far easier than choosing an active fund from the hundreds of schemes. But the number and variety of index funds in India has mushroomed too. There are about 94 open-end equity index funds, while over 120 equity Exchange Traded Funds (ETFs) are listed on the exchanges. So, if youโ€™re thinking of buying an index fund, how do you choose the right one? Here are four metrics to choose the best index funds and ETFs.

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Insurance recommendation - A healthy policy that ticks the right boxes
Insurance

Insurance recommendation – A healthy policy that ticks the right boxes

Often, researching for your health insurance doesnโ€™t stop at finding a good insurer and policy. The sub plans, options, and addons under a policy warrant more research to find out the best combination for you and to help you squeeze out the most benefit from your policy.ย Today, we take up Bajaj Allianz Health Guard, with a wide range of sub-options that can make it better.

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